Thanks Frank. It is very helpful to have your insight into the gyrations in the Dalian.
I noticed last week that iron ore price and to even the share price of the miners pretty much ignored the drop in the Dalian. Is it the case that people finally see that it is more an instrument for gambling than for setting iron ore prices?
Also I note that when there is a divergence between IO and rebar, that IO eventually powers its way to catch up to rebar eventually.
Looking forward to your next report.
Iron ore price, page-2876
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